Jim Cramer’s Thoughts on 16 Stocks: Arista, Taiwan Semi, and Big Tech’s AI Spending

In this article, we will look at the stocks that Jim Cramer highlighted as he discussed Big Tech’s AI spending. The host of CNBC’s Mad Money said Wednesday that major cloud computing companies cannot afford to cut corners when it comes to artificial intelligence infrastructure spending.

Almost threw a brick at the TV this morning… I heard again for the umpteenth time the same skepticism that’s kept people out of the very technology stocks that keep leading this market higher… Now, sure, some of these gains might have come about because of still one more possible end to the war in Iran… But much of the gain still came, once again, to those who own tech hardware, not software, but hardware… While the stock market’s the greatest wealth creator in history, I often feel like people will miss out on the biggest gains unless I beat them over the head with a stick multiple times.

READ ALSO: 27 Stocks on Jim Cramer’s Radar Including AI Winners Like Intel, Eaton, and More and Jim Cramer Looked At 7 Stocks, Including Amazon, AMD, and Sandisk

Cramer mentioned that he heard someone on TV say, “If you build it, they will come,” the idea being that companies are spending massively on infrastructure just to attract customers. He noted that, as a technology investor, hearing a statement like that could make someone want to sell stocks immediately. He said comments carrying a subtle doomsday tone, even when delivered casually, can easily send a damaging message to ordinary investors watching at home, and make them think it is “time to get out now.” He added that that type of pessimism is a major reason many investors struggle to stay invested in winning stocks.

Here’s the bottom line: Forget the ironic reference to Field of Dreams. When it comes to the data center, if you build it, they really will come. And if you don’t build it, they will simply go to the other guy who did build it, to the other stadium. And you know why? Because right now, there is so much flowing to those who build it that, well, let’s just put it this way: Amazon built it, and the place, it’s packed.

Our Methodology

For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 6. We listed the stocks in the order that Cramer mentioned them.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

Jim Cramer’s Thoughts on 16 Stocks: Arista, Taiwan Semi, and Big Tech’s AI Spending

16. Shopify Inc. (NASDAQ:SHOP)

Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer called the company the “envy of many businesses,” as he said

Or how about Shopify? I just interviewed Harley Finkelstein, the president… yesterday. If you’re a small to medium-sized business, Shopify lets you compete with the heavy hitters online. An economy that’s filled with Gen Z side hustlers or small businesses seeking to be big ones pretty much runs on Shopify fulfillment. The company just reported an outstanding 34% revenue growth, but it did guide for future growth to slow to the high 20s.

On that, the stock has now plummeted from $182 in October to $127 on Monday, then $105 as of today, after it sold off in response to earnings. Wow, look at that trajectory. But Shopify’s the same fabulous company, the first choice for so many startups that will inherit the earth. You don’t want to buy this thing when it’s running, when its sales are strong, everybody thinks the stock is headed to the moon. You want to buy it when the stock’s ice cold, yet the business remains very good. It’s now de-risked, and it’s still the envy of many businesses, including several that have tried to acquire them.

Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage products, orders, payments, and customer relationships.

15. Arista Networks Inc. (NYSE:ANET)

Arista Networks Inc. (NYSE:ANET) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer explained why the company’s stock declined, as he stated:

Often, we miss these moves because it’s hard to pull the trigger on something when it’s down and out, which is exactly what you have to do. Look at the incredibly good Arista Networks getting pummeled today. This data center networker has always been in the winner circle under the excellent leadership of Jayshree Ullal. When you dig into why the stock plunged 13.6% today, you find that Arista beat the estimates but failed to raise its forecast, which is, of course, the kiss of death in a tech-driven market. But wait a second. Why didn’t Arista raise the forecast?

Why didn’t anyone look at this? It’s not because the demand isn’t there, that would be bad. It’s because company’s supply constraint. They said the problem could persist for one or two years… That’s a tough one, right? But I think having more demand than you can handle for multiple years is a pretty high-quality problem, especially because I think that Jayshree will solve this. I believe in Jayshree. I think Arista stock now reflects the fears, fears that I bet will prove to be wrong. Time to buy.

Arista Networks Inc. (NYSE:ANET) sells cloud-based networking solutions and related software for data center, AI, and enterprise operations. In addition, it provides network services, support, and hardware solutions.

14. Dell Technologies Inc. (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer mentioned the company during the episode and said:

And look, it’s not just Meta. We all kick ourselves for missing out on winners that seem obvious in retrospect. I wish I’d bought Dell for my Charitable Trust a hundred points ago.

Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories. During the May 5 episode, Cramer highlighted the stock while discussing AI plays, as he remarked:

Then there’s the infrastructure. That’s all about Dell, which makes the servers, the AI factory, if you will. Vertiv for cooling. Corning for the connecting fiber, as well as Arista, Ciena, Cisco for the networking equipment.

13. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer highlighted the company’s growth, as he commented:

This morning on Squawk on the Street, I said something I kind of want to take back. I was being smarmy about Meta Platforms, saying they didn’t have the horses, and the stock had become a source of funds. That’s the kind of thing you sell so you can swap into something better. It’s one of the worst things you can say about a publicly traded company… After the show, I was reminded that Meta had 33% growth in the last quarter. That was the fastest pace in five years. That last great growth quarter, by the way, was from 2021, when the company had $29 billion in revenues. Now it’s $56 billion, yet they’ve got nearly the same growth rate. That’s impressive. Meanwhile, Meta has 3.5 billion daily active users. I mean, that’s almost half the world.

They’re adding some gigantic data centers with a CapEx budget that’s approaching $150 billion at a time when we are now realizing from Amazon at least that these behemoths are going to make your company a ton of money. More important, Meta is run by a man named Mark Zuckerberg. People in the tech business do live in fear that he might have something that they don’t know about that could change everything. After all, the guy’s done it before and now I’m counting him out? Did Zuckerberg somehow do something that makes him a less effective CEO?… I don’t know. In retrospect, I think it’s time to stop worrying and start buying. Clearly, the market agrees as Meta rebounded nicely from its early morning lows.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

12. Thermo Fisher Scientific Inc. (NYSE:TMO)

Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. A caller asked whether the stock is a buy, sell, or hold. In response, Cramer said:

I like it here. I see so many IPOs every morning that Carl mentions, and they’re all going to need TMO’s machines. I think you can buy it at this level. I know at 19 times earnings, I’m surprised it is that cheap.

Thermo Fisher Scientific Inc. (NYSE:TMO) provides instruments, reagents, consumables, software, and lab services that support scientific research, diagnostics, and drug and vaccine development. Cramer mentioned the stock during the April 23 episode, as he said:

Alright, what just happened to the stock of Thermo Fisher Scientific, the arms dealer to the life sciences industry that I’ve liked for so long? This morning, Thermo Fisher reported what looks like a very solid set of numbers, a modest revenue beat paired with a healthy 19-cent earnings beat off a $5.25 basis. Management also raised their full-year forecast substantially, but their guidance for the current quarter came in light. In response, the stock got obliterated today, plunging $47.28 or 9.2% to the point where the stock’s now down nearly 20%… I think that the market has this wrong… This is a great American company.

11. D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. During the lightning round, a caller asked about the stock, and Cramer remarked:

Well, that’s Dr. Baratz, and I’ve gotta tell you, if you want to do quantum, D-Wave is the one that I identified as being the best. I also like IBM for quantum. And don’t forget, Honeywell’s spinoff on quantum’s coming.

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and services, including Advantage quantum computers, Ocean developer tools, and Leap cloud and hybrid solver services. During the April 9 episode, a caller sought Cramer’s opinion on companies like D-Wave, and Cramer responded:

Well, I think it’s more of a, candidly, it’s more of a science project, which I don’t mean, you know, look, it is. And what can I say, maybe the science project works out, but it is more of a science project.

10. Extreme Networks, Inc. (NASDAQ:EXTR)

Extreme Networks, Inc. (NASDAQ:EXTR) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Inquiring about the stock, a caller mentioned that they like the stock, and Cramer said:

No, this stock, Ed Meyercord, this stock has just, I don’t know. I mean, it is going like this, and I don’t recommend stocks like this, but I will give you a considered opinion. Come back, and I’ll tell you what I think is going on.

Extreme Networks, Inc. (NASDAQ:EXTR) develops cloud-based network infrastructure equipment, as well as AI-powered management software and security solutions. SouthernSun Asset Management, LLC stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its fourth quarter 2025 investor letter:

During the fourth quarter we initiated new positions in Oshkosh Corporation (OSK), Live Oak Bancshares Inc (LOB) and Extreme Networks, Inc. (NASDAQ:EXTR)  Extreme Networks, Inc. (EXTR) Earlier in 2025, we added EXTR to the Small Cap strategy. We have continued to get to know the company throughout the year, and our conviction has built, so in the fourth quarter we added EXTR to the SMID strategy. Extreme Networks is one of the top three players in the enterprise networking industry, although it remains a distant third behind Cisco and Hewlett Packard (HPE), which together control more than 60% of the market.

We believe EXTR has the opportunity to grow revenues in the low double-digit range and gain market share due to advantages in product architecture, pricing, and customer experience. Unlike its larger competitors, which are primarily focused on datacenter-centric network designs, Extreme offers a differentiated fabric-based architecture that is well suited for distributed environments. This makes EXTR particularly attractive for customers such as college campuses, hospitals, stadiums, convention centers, and industrial facilities with complex operational networks and growing numbers of connected devices..…” (Click here to read the full text)

9. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. When a caller mentioned that they wished to add to their position, Cramer commented:

They have more business than they can handle. What can I say? Even tonight, Arm Holdings said that they were going have this, all this business, but the problem is they can’t get all the chips they need from, yes, Taiwan Semi.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest semiconductor foundry, producing and selling integrated circuits and semiconductor devices. The company provides fabrication and other related services. During the April 27 episode, a caller asked if the company has “a lot of room to grow,” and Cramer replied:

I like TSM very, very much. I think it’s terrific. I remember when it reported last week, the stock went down on a perfectly good quarter. I came in here, I said, listen, I like that quarter. I looked real bad for about 48 minutes, and that’s about it. Taiwan Semi is a very good situation.

8. The Goldman Sachs Group, Inc. (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. A caller asked how the company will do with “giant IPOs in the pipeline,” and Cramer replied:

They’re going to be the big winner. They’re going to be the big winner in IPOs and in M&A… And that’s why I think it’s a huge position for me, my Charitable Trust, and I think that it’s going higher.

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. Cramer highlighted the firm’s “specialty” during the April 10 episode, as he said:

Let’s get to our game plan for next week. Alright, my Charitable Trust has a very big, long, very big position in, well, in Goldman Sachs. Okay, that’s my alma mater. And when it reports on Monday, barring some serious Iranian action that causes a spike in the price of oil this weekend, I think you’ll see a solid set of numbers and a good reaction to the numbers that Goldman Sachs prints. Now, I’ve gotta tell you, this judgment does stem a little bit from my time at Goldman. Why? Because that’s where I learned to manage and profit from risk. It’s what the firm does best is manage risk. And this volatile market, like the one we are having, that’s Goldman’s specialty.

7. Solstice Advanced Materials, Inc. (NASDAQ:SOLS)

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer highlighted why the stock has been a “fantastic performer,” as he commented:

Last October, one of my long-time favorites, Honeywell, spun off its specialty chemical business as Solstice Advanced Materials, which started trading at just under 49 bucks. This is a company that makes advanced materials for semiconductor manufacturing, data center cooling, refrigerants, nuclear power, healthcare packaging, and the defense industry. Those are all strong end markets. Hence why the stock’s been just a fantastic performer, ran… all the way up to $83 as of last night’s close. Okay, when Solstice reported this morning, it delivered higher than expected sales, slightly better than expected adjusted earnings, but their net income came in a tad below consensus.

At the same time, management didn’t raise the full-year forecast, which is not what you might want to see, given you have a stock that’s up 64% year to date. Maybe that’s why it fell 2%. It’s okay. Still, many of their core businesses are doing great: electronic materials up 21%, refrigerants up 19%, nuclear business, which is all about making fuel, jumped 27%. Club members know that we thought that was really exciting… You know we’ve liked this. You know that this is not just nuclear, but it is the only nuclear one that we’ve been saying can actually make money.

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging.

6. The Kraft Heinz Company (NASDAQ:KHC)

The Kraft Heinz Company (NASDAQ:KHC) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Cramer highlighted the company’s latest quarter, as he remarked:

Alright, something happened this morning, I couldn’t believe it. I thought my eyes were playing tricks on me because Kraft Heinz, the packaged foods powerhouse, reported a much better-than-expected quarter. The stock actually popped today, rallying over 2%. Keep in mind, this thing’s been drifting steadily lower for four years. It’s been not a great stock to the point where Kraft Heinz decided to break itself up, bringing in Steve Cahillane, the guy who orchestrated the Kellogg breakup that was so smart as its new CEO. And all the way, the stock kept getting clobbered. But today, Kraft Heinz posted a clean upside surprise, albeit versus low expectations.

The Kraft Heinz Company (NASDAQ:KHC) produces food and beverage products, including condiments, dairy, meals, meats, beverages, and snacks. Cramer highlighted his “radical plan” for the company during the March 12 episode, as he commented:

… My radical plan. It’s time for the food companies to consolidate. And the consolidator, the only person who’s actually been able to make money in this group for shareholders in a huge way, that’s Steve Cahillane. He’s the CEO of Kraft Heinz. Now, if you remember, Steve split Kellogg into the old WK Kellogg for cereal and Kellanova for snacks. Less than a year later, he sold Kellanova, which he stayed with by the way, for huge amount to Mars. Then less than two years after that, WK Kellogg caught a bid from Ferrero. That’s much more than you return when you’ve gotten, you would’ve crushed the S&P over a three and a half year period with a food company. As for Kraft Heinz, it was going to split into two before Steve got there at the beginning of the year. He canned that plan quickly. He said that the company was weaker than he thought. Needed to improve. Forthright. That’s what I want. I say forget the noise. I am the signal.

It’s time that Steve Cahillane put together all four of these packaged food companies into one brand powerhouse. He could pick and choose the fast-growing brands. The slower-growing brands go to another company. The ones that shouldn’t be even brands anymore, well, he can just get rid of them. He can divide them into separate businesses like he did with Kellogg. There’s a million things he could do. Why now? Because under Trump, the Justice Department and the Federal Trade Commission will probably bless any of these deals. It’s a once-in-a-lifetime opportunity where they simply don’t need to worry about antitrust enforcement.

Click to continue reading and see Jim Cramer’s Thoughts on 5 Stocks: Amazon, AMD, and Big Tech’s AI Spending.

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